This is one of the largest and fastest growing industries. The industry faces lots of problems and challenges as the size is huge. Aerospace technologies keep upgrading and innovating bringing in separate challenges of implementing the same in this sector.
With global engineering, enterprises can harness the need for global integration in design and engineering, to adjust product life cycles. Global growth presents itself in the form of emerging economies, which in addition to being supply and service bases, are strong growth markets for civilian and defense aircraft procurements.
With profitability being a concern for airlines, enterprises need to maximize value by going ‘beyond repair’ in a market that demands more attention.This strategy can extend to simplifying airplane maintenance, enhancing collaboration in peer communities, offering innovative solutions like pay-per-flying-hour, and providing quick self-service customer solutions.